9 percent
$1.37 billion
Source: Harry s
The January FTC meeting, eight months after the deal was announced, kicked off a series of intense sessions with each of the FTC s five commissioners, plus countless prep sessions and debriefings. Harry s had three law firms working on the deal, each with half a dozen lawyers assigned to it; Edgewell had its own representation. ( Try doing the hourly math on that, Katz-Mayfield groans. It s not pretty. )
What had seemed like a charmed startup finding a charmed exit was turning into something more complicated and set many to wondering if the Harry s experience spelled trouble for other challenger brands hoping to one day engineer similar exits.